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Azerbaijan, China sign agreement on economic co-op

16 June 2010 18:08 (UTC+04:00)
Azerbaijan, China sign agreement on economic co-op
An agreement on economic and technological cooperation was signed during the meeting between Azerbaijani Prime Minister Artur Rasizada and a member of the Standing Committee of the Political Bureau of the Communist Party of China, He Guoqiang, on a visit to Baku, AzerTAj state news agency reported.
China will provide Azerbaijan with a grant worth 20 million Yuans under the agreement.
The agreement was signed by Minister of Economic Development Shahin Mustafayev from the Azerbaijani side, and Deputy Minister of Commerce Gao Hucheng from the Chinese side.
Despite the global economic crisis, trade turnover between Azerbaijan and China made up $659 million in 2009 and $357 million in the four months of the current year.*

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